US Fed likely to focus on outlook for next year

Washington

FRIDAY'S booming US jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when US central bankers meet this week, most of the focus will be on their outlook for next year and beyond.

But here's the rub: They often get it wrong. The coming year - with the added complications of an ongoing trade war and the US presidential election - looks to be no exception.